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Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix

Systems are secure if its have lower risks of system interruption. However, to determine the optimum level of security is an area where requires more research. In principle, the optimum level of security that a system provides is determined by the interaction between the cost of providing extra secu...

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Main Authors: Ibrahim, Jafni Azhan, Majid, Mokhtar, Hashim, Amir H., M. Tahar, Razman
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
HD61 Risk Management
Online Access:https://repo.uum.edu.my/id/eprint/31834/1/CIMSIM2010_1-6.pdf
https://repo.uum.edu.my/id/eprint/31834/
http://10.1109/CIMSIM.2010.25
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spelling my.uum.repo.318342025-01-08T11:21:27Z https://repo.uum.edu.my/id/eprint/31834/ Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix Ibrahim, Jafni Azhan Majid, Mokhtar Hashim, Amir H. M. Tahar, Razman HD61 Risk Management Systems are secure if its have lower risks of system interruption. However, to determine the optimum level of security is an area where requires more research. In principle, the optimum level of security that a system provides is determined by the interaction between the cost of providing extra security and the value to consumers. The risks in energy system have to be quantified in order to identify the level of security. To make comparison between the cost of providing energy security and level of security, the quantified risks have to be in the same common variable as the costs. Then, an optimum level of security and cost can be estimated using appropriate methods. As no such attempts have been tried to compare the risks and the cost in the same platform, it is difficult to determine the optimum security point between the risks and cost of providing that security. The objective of this paper is to present the development of Supply Shortage Impact for risk quantification in coal procurements for power generation. This method in combination with Non-delivery Probability Table will provide risk in common variable as the cost for presenting valuable information on security and cost of providing it 2010 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31834/1/CIMSIM2010_1-6.pdf Ibrahim, Jafni Azhan and Majid, Mokhtar and Hashim, Amir H. and M. Tahar, Razman (2010) Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix. In: Second International Conference on Computational Intelligence, Modelling and Simulation (CIMSiM), 2010, 28-30 Sept. 2010, Bali, Indonesia. http://10.1109/CIMSIM.2010.25
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD61 Risk Management
spellingShingle HD61 Risk Management
Ibrahim, Jafni Azhan
Majid, Mokhtar
Hashim, Amir H.
M. Tahar, Razman
Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
description Systems are secure if its have lower risks of system interruption. However, to determine the optimum level of security is an area where requires more research. In principle, the optimum level of security that a system provides is determined by the interaction between the cost of providing extra security and the value to consumers. The risks in energy system have to be quantified in order to identify the level of security. To make comparison between the cost of providing energy security and level of security, the quantified risks have to be in the same common variable as the costs. Then, an optimum level of security and cost can be estimated using appropriate methods. As no such attempts have been tried to compare the risks and the cost in the same platform, it is difficult to determine the optimum security point between the risks and cost of providing that security. The objective of this paper is to present the development of Supply Shortage Impact for risk quantification in coal procurements for power generation. This method in combination with Non-delivery Probability Table will provide risk in common variable as the cost for presenting valuable information on security and cost of providing it
format Conference or Workshop Item
author Ibrahim, Jafni Azhan
Majid, Mokhtar
Hashim, Amir H.
M. Tahar, Razman
author_facet Ibrahim, Jafni Azhan
Majid, Mokhtar
Hashim, Amir H.
M. Tahar, Razman
author_sort Ibrahim, Jafni Azhan
title Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
title_short Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
title_full Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
title_fullStr Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
title_full_unstemmed Risk Quantification in Coal Procurement for Power Generation: The Development of Supply Shortage Impact Matrix
title_sort risk quantification in coal procurement for power generation: the development of supply shortage impact matrix
publishDate 2010
url https://repo.uum.edu.my/id/eprint/31834/1/CIMSIM2010_1-6.pdf
https://repo.uum.edu.my/id/eprint/31834/
http://10.1109/CIMSIM.2010.25
_version_ 1821005508006379520
score 13.226497

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